While many “Macro Tourists” fruitlessly search for the next bullish catalyst, a surprise bearish catalyst could be coming down the pike instead.
A viewer question on a recent edition of The Macro Show got Hedgeye CEO Keith McCullough’s attention by posing this thought:
If oil prices continue to crash, could it keep the U.S. economy in Quad 4 (growth and inflation slowing) even longer than Hedgeye is currently forecasting through Q1 of 2019?
Watch the clip above for McCullough's answer.